Effect of Permitted Transfer. Subject to the terms of this Article II and the Shareholders Agreement (including Section 4.1(c) of the Shareholders Agreement), a Permitted Transferee of a member shall be substituted for and shall enjoy the same rights and be subject to the same obligations as the transferring member hereunder with respect to the shares Transferred to such Permitted Transferee.
Appears in 3 contracts
Samples: Subscription Agreement (Michael Kors Holdings LTD), Restructuring Agreement (Michael Kors Holdings LTD), Shareholders Agreement (Michael Kors Holdings LTD)
Effect of Permitted Transfer. Subject to the terms of this Article II hereof and the Shareholders Agreement (including Section 4.1(c) of the Shareholders Agreement), a Permitted Transferee of a member an Existing Shareholder shall be substituted for and shall enjoy the same rights and be subject to the same obligations as the transferring member Transferring Existing Shareholder hereunder with respect to the shares Shares Transferred to such Permitted Transferee.
Appears in 2 contracts
Samples: Lock Up Agreement, Voting and Lock Up Agreement (Michael Kors Holdings LTD)
Effect of Permitted Transfer. Subject to the terms of this Article II and the Shareholders Agreement hereof (including Section 4.1(c) of the Shareholders Agreement)), a Permitted Transferee of a member Shareholder shall be substituted for and shall enjoy the same rights and be subject to the same obligations as the transferring member Shareholder hereunder with respect to the shares Shares Transferred to such Permitted Transferee.
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